New Dotcom era in more ways than one
IT businesses are busy seeking funding to fuel their expansion; they are seeking investors directly, or going to the stock markets.
Among the most successful to date is Xero, an accountancy software company headed by Rod Drury. In just a few years since its first initial public offering (IPO), it has grown into a business that generates revenues of NZ$1 billion-plus per year, something seen as a fine example for others to follow.
It is not alone, which is something that led the New Zealand Herald a few days ago to speculate about the prospect of a new "tech IPO boom". This followed plans by search engine technology company SLi Systems, which said it would seek NZ$27 million in an IPO.
